Airline Industry Essay 15

The airline industry is a large and growing industry. Air travel plays a very important role in economic growth and world trade. It is expanding for either of the following reasons that is for business purpose or leisure travel. It helps in increasing the international investment as well as tourism. The airlines have made it more comfortable to travel from one place to another, and now are offering reasonable rates. Affordable rates encourage people to travel further to new places. As a result, people have started traveling to new exotic destinations. Billions of passengers are traveling every year by way of the airline industry. The airline industry is not only growing in developed countries but it is growing in developing countries also. As the economy of developing countries is growing, the citizens of the developing countries are becoming the new tourists. In the future, the citizens of the developing countries would become the new tourists at the international level. Government of developing countries has also realized that tourism is one of the important factors which help in the growth of economy. Developing countries realized the benefits of tourism to their national economies so they are paying attention to the infrastructure development and the development of resorts. They are trying to provide convenient air travel services. Improved air travel services help in increasing the tourism and as a consequence, it supports their economy. It helps in the growth of the airline industry. More companies are doing their business at an international level. Nowadays companies are not only targeting the local citizens but are also targeting the customers’ world wide. Many companies of the developed countries are now moving towards the developing countries in search of new markets for their product. Companies are becoming global in the terms of investment, supply, production chain etc. As the companies are becoming global, business travel has also grown. In the